10 Things Employers Need To Know About The DOL Fiduciary Rule

On June 9th, 2017 the retirement planning business changed drastically thanks to the implementation of the long awaited DOL Fiduciary Rule (or “Best Interests Rule”).

The fiduciary rule, at its core, raises the fiduciary standard of brokers to be the same as the standard of Registered Investment Advisors (RIAs). RIAs have always been held to a fiduciary standard, but other types of advisors (including brokers and insurance agents) weren’t. Brokers are paid by commissions on sales…

Read More: https://www.forbes.com/sites/brianmenickella/2017/07/25/10-things-employers-need-to-know-about-the-dol-fiduciary-rule/#356caaf72cb8

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